The JSE tracked broadly weaker global markets on Tuesday morning, with only gold miners lifted a little by safe-haven trade, as markets continued to dial back expectations of US interest-rate cuts.
An upbeat US jobs report on Friday caused the shift in expectations, and focus is now upon a speech by US Federal Reserve chair Jerome Powell, expected at 2.45pm SA-time.
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JSE set for weak start on Monday as Asian stocks slide on US jobs dataMarkets will closely monitor Federal Reserve chair Jerome Powell’s testimony to the Congress on Wednesday and Thursday amid renewed attacks on him
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Asia stocks fall as hopes fade for big Fed rate cutTwo-week low for stocks as tech firms are pulled lower by Apple slump
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